All PropertyEU Archive articles 鈥� Page 1846
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PropertyEU Archive
Unibail-Rodamco reshuffles team to fill development post
Listed pan-European real estate company Unibail Rodamco SE has reshuffled its management team to fill the vacancy caused by the sudden departure of development director Bertrand Julien-Laferriere earlier this month. Julien-Laferriere left to become CEO of French listed real estate group Societe Fonciere Lyonnaise (SFL).
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PropertyEU Archive
Stadion obtains first LEED pre-certification in Slovakia
Stadion is the first development in Slovakia to have obtained a LEED pre-certification. The project has been awarded the pre-certification under the US Green Building Council's (USGBC) LEED for Core and Shell 2.0 rating system.
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PropertyEU Archive
Kanam Grundinvest fund pays out EUR 1.25 dividend
German fund manager Kanam said its Grundinvest fund paid out a tax-free dividend of EUR 1.25 and posted a 1.1% increase in value over the financial year ended 30 June 2010.
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PropertyEU Archive
Invista to wind up following loss of EUR 2.7bn mandate
Invista Real Estate Investment Management announced on Tuesday that it is to sell all its assets and return the proceeds to its shareholders. The move follows the decision by Lloyd Banking Group to transfer a 拢2.4 bn (EUR 2.7 bn) fund management contract from Invista to Scottish Widows Investment Partnership ...
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PropertyEU Archive
DTZ predicts 22% increase in capital for global RE investment
DTZ Research estimates that $281 bn (EUR 203 bn) of capital will be available to invest in global real estate in 2011, a 22% increase on DTZ's previous estimate in December 2009. However, no increase is anticipated for Europe.
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PropertyEU Archive
Norwegian insurer takes control of EUR 430m Kista Galleria in Stockholm
Norwegian insurer Vital Forsikring has acquired the 50% stake it did not already own in Stockholm's massive Kista Galleria. The parties did not disclose the exact investment volume but it is believed that the shopping centre is valued in excess of SEK 4 bn (EUR 430 mln).
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PropertyEU Archive
Kungsleden issues EUR 65m bond loan
Listed Swedish property company Kungsleden has issued an unsecured bond loan on the Swedish market. The loan has a value of SEK 600 mln (EUR 65 mln), carries a variable interest and is set to mature in 2015.
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PropertyEU Archive
PCP sells Cologne mall for EUR 70m
British Prime Commercial Properties (PCP) has sold the City-Center Chorweiler shopping centre in Cologne for around EUR 70 mln to a property company in which the German Otto family holds shares. The shopping centre is operated by ECE, which is headed by Alexander Otto.
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PropertyEU Archive
Commerz Real acquires French logistics platform
Commerz Real has acquired a 62,000-m[sup]2[/sup] logistics platform in Mer near Orl茅ans in France from Concerto D茅veloppement, a subsidiary of French listed group Affine. Colliers International advised the buyer. The transaction price amounted to EUR 33 mln, excluding transfer taxes, and is in line with the appraisal value at end-2009.
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PropertyEU Archive
C&W makes appointment to client solutions group
Cushman & Wakefield has appointed Waheed Aslam as Strategic Business Planner in its Client Solutions Group. The group, headed by Michael Creamer, provides corporate and institutional occupier clients with an integrated service that covers strategic account management, project management, facilities management, lease administration, property management and building consultancy.
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PropertyEU Archive
Risanamento's sale of Falck area hits delay
Italian listed real estate developer Risanamento said that a planned sale of its Falck development site on the outskirts of Milan has been postponed as banks failed to back the deal in time.
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PropertyEU Archive
Rockspring enters UK student housing market
Rockspring Property Investment Managers has entered the student accommodation market for the first time through the acquisition of 123 Fountainbridge, Edinburgh, in joint venture with Mansion Group. The 拢14.2 mln (EUR 16.2 mln) acquisition was made on behalf of the Rockspring UK Value Fund.
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PropertyEU Archive
Pension funds invest in telecoms infra vehicle
Dutch pension giants ABP and PGGM are investing in the Rabo Bouwfonds Communication Infrastructure Fund. Fund manager Bouwfonds REIM said that the existing investors, Pensioenfonds Vervoer and DNF, have made further commitments to the vehicle.
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PropertyEU Archive
Vastned Retail buys 19 Dutch shops for EUR 29m
Pan-European retail property fund VastNed Retail has acquired 19 stores in shopping centres in the Netherlands for a total of EUR 29.1 mln. The assets are located in the Overvecht shopping centre in Utrecht and Zuidplein shopping centre in Rotterdam and were acquired from Unibail-Rodamco and ING REIM.
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PropertyEU Archive
Endeavour mandated to manage EUR 86m asset in Milan
Endeavour Asset Management has signed a new EUR 86.5 mln mandate with Italian real estate fund manager Valore Reale Srg for the asset management of a multi-let office property in San Giuliano Milanese, near Milan. The asset represents the first property transferred to a new private core plus fund managed ...
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PropertyEU Archive
Unilever pension scheme invests in Aberdeen fund
Unilever's pension fund Progress is investing EUR 35 mln in the Aberdeen European Balanced Property Fund. The move follows the pension fund's decision last year to switch from direct to indirect investment in real estate.
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PropertyEU Archive
Alpha hands over distribution centre to TK Maxx
Alpha Industrial has announced the handover of its first distribution centre in Germany for the retail company TK Maxx. Alpha Industrial realized all groundwork and assembly work as well as the interior construction and the design of the outdoor facilities of the new building at Bergheim.
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PropertyEU Archive
Cordea Savills appoints Richard James as CFO
Richard James has been appointed to the board of Cordea Savills, the international property fund manager, as chief financial officer.
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PropertyEU Archive
Close Brothers sells property fund management business
London-based Close Brothers Group has announced it is selling its property fund management (PFM) business to specialist European property fund manager Alpha Real Capital (ARC).
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PropertyEU Archive
Prime yields edge downwards in EMEA: CBRE
Yields from prime commercial real estate in Europe, Middle East and Africa (EMEA) continued to edge downwards in the third quarter of 2010, according to CB Richard Ellis' latest EMEA Rents and Yields Indices.
